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Crypto market on edge as US NFP and retail sales fall, unemployment rises

Crypto market on edge as US NFP and retail sales fall, unemployment rises

The crypto market remained on edge today, March 6, as the war in Iran continued. It also wavered as the US non-farm payrolls and retail sales dropped and the unemployment rate jumped.

Summary

  • The crypto market wavered after the latest US non-farm payrolls data.
  • A report showed that the US shed 92,000 jobs in February.
  • US retail sales continued falling in January.

Bitcoin (BTC) price remained at $70,000 at press time. Ethereum (ETH) hovered slightly above $2,000, while Ripple (XRP) remained steady above $1.40.

Crypto prices reacted to the latest jobs report, which was much worse than expected. The US economy shed over 92,000 jobs in February, the worst performance…

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